The sanctions have helped the «Kalashnikov» to increase the market share of small arms

Concern «Kalashnikov» has significantly increased its presence on the global small arms market after the imposition of sanctions, said the head of state Corporation «rostec» Sergey Chemezov at SPIEF-2018.

«Today we have the market volume of small arms, which took the «Kalashnikov», has grown considerably compared to what it was before the introduction of sanctions, because it began active promotion of products in Latin America, Southeast Asia and the middle East. So I don’t see any problems (in connection with the U.S. sanctions – approx.OPINION)», – RIA «news» words Chemezov.

He also noted that Russia lost American and European markets sporting firearms in connection with a hit under US sanctions Rosoboronexport.

«Markets that we have lost – it is primarily American and European, the volume there was a small, mostly sold sporting firearms production of «Kalashnikov», – said Chemezov to the question of which markets Russia has lost from-for hits of «Rosoboronexport» under the US sanctions.

He also said that rostec does not bear any losses from falling of «Rosoboronexport» under the sanctions.

«The figure that we have set for ourselves as planned, we will. Yet we see no reason to talk about the losses,» – said Chemezov, answering the question of which suffers loss «assistance» from falling under the sanctions, «Rosoboronexport».

We will remind, in April it was reported that Kalashnikov concern is in talks to buy a controlling stake in group companies Kingisepp machine-building plant (KMZ), which is engaged in the manufacture and repair of diesel engines and gas turbines, including developing service turbines produced in Ukraine.